THE SECOND WEEK OF MARCH WAS BRISK FOR HOME SALES IN PENTICTON……In total, we sold 21 homes in the past seven days, which is 7 more sales (14) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 21 purchases was just over $9.2 million dollars, which is double ($4.5 million) vs. the week before. The highest priced purchase was a Single Family home in the Wiltse neighbourhood which sold for more than $775,000. The difference between listing price and sales price was 97% for the week. Not withstanding the uncertainty surrounding Covid 19 in the coming days and weeks, all of my key indicators point towards the housing resale trend moving towards a SELLERS MARKET! If you have been following this weekly post, then you UNDERSTAND that NOW is the BEST time to buy your new home!
Here’s the breakdown of sales by property “type” for this past week (March 9
th to March 15
th)
- 1 Farm / Agriculture
- 2 Building Lots
- 2 Half-Duplexes
- 2 Townhomes
- 3 Mobile Homes
- 3 Condos
- 8 Single Family
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!
